ISPR Report 2025 revenue of $127.5 million, EPS below expectations
Source: CoinWorld
Time: 2025-09-16 21:01:08
Ispire Technology Inc. (NASDAQ: ISPR) reported revenue for fiscal 2025 of $127.5 million, down from $151.9 million last year, and a net loss of $39.2 million, or $0.69 per share, down from the expected earnings of $0.18 per share. The decline in revenue was due to the company's strategic shift from marijuana to nicotine products, increased operating expenses and increased marketing costs. Despite the setbacks, leadership remained optimistic, noting that the company's investment in nicotine technology, its collaboration with major tobacco companies and expected cost-cutting measures of $10.2 million a year.